An ongoing wireless price war is giving AT&T a case of earnings indigestion. Consensus 2015 EPS estimates have fallen 10% in the past year as AT&T (T) defends its customer base from aggressive marketing by T-Mobile US (TMUS) and, more recently, Sprint (S). So how does AT&T spell relief? Perhaps D-I-R-E-C-T-V. In May, AT&T announced its deal to buy No. 1 satellite TV broadcaster DirecTV Group (DTV) for $48.5 billion. The deal is expected to close
Dish Network might spend half of the $10 billion in cash on its balance sheet, or more, in the ongoing government auction of radio spectrum for wireless services, some analysts estimate amid speculation over the satellite TV broadcaster’s next move. The Advanced Wireless Service No. 3 auction, which started on Nov. 13, has raised more than $44 billion, blowing past estimates. While AT&T (T) and Verizon Communications (VZ) have likely been the
Accenture is showing more positive signs, and investors are responding. Shares of the management consulting, tech services and outsourcing services company hit an all-time high Thursday after the company posted fiscal Q1 earnings and revenue that soundly beat estimates. The midpoint of the company’s revenue outlook for Q2, however, was slightly behind views. Accenture (ACN) also raised its revenue outlook for the year, based on local currency, but